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Resolution Capital Limited

PRI reporting framework 2020

You are in Strategy and Governance » Governance and human resources

Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the internal and/or external roles used by your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for responsible investment.

Roles

Select from the below internal roles

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

The Board of RCL approves the Responsible Investment, Engagement and Proxy Voting Policies. 

The Portfolio Managers (PM’s) drive the RI agenda. 

The responsibility of incorporating ESG into the investment process sits with the Investment Team. Investment Analysts and Portfolio Managers are responsible for identifying and assessing relevant ESG factors. A discussion of these factors is included in stock initiation and research reports and are explicitly factored into valuations via adjustments to the company’s earnings forecasts and / or valuation multiple, where applicable.

ESG is an important component of Investment Team staff variable remuneration.

RCL formed an ESG Committee during 2019 which includes staff from all areas of the business, including the investment team (portfolio manager, investment analyst and quantitative analyst), operations, client service, and the Managing Director. The focus of the committee is to continually review and improve our approach to ESG matters including:

  • How ESG is formally included in the research process – while ESG has been incorporated in the investment process (particularly around governance), the focus is on ensuring that there are key consistent questions asked of investee companies regarding their sustainability practices, disclosure, and progress against stated ESG related targets
  • Investigating additional reliable and comparable sources of information / data to supplement analytics and be incorporated into our proprietary research database
  • Expanding the knowledge base of all RCL employees regarding ESG, rather than just having one or two specialists within the company
  • Providing quarterly updates to the Board on ESG related activities

 

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

12 Number

07.4. Additional information. [Optional]

One of the PMs has additional ESG responsibilities and as a consequence initiates and co-ordinates a higher number of ESG & engagement initiatives and leads plans to incorporate ESG into the investment process.

In addition, all members of the investment team incorporate ESG into the decision making process. Finally, ESG is an important component of all Investment Team staff variable remuneration.


SG 07 CC. Climate-issues roles and responsibilities (Private)


SG 08. RI in performance management, reward and/or personal development (Private)


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